What were the total royalties received by Card My Yard in 2022?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 2022 | 2021 | |
|---|---|---|
| Revenues: | ||
| Royalties | $ 2,349,533 $ 2,658,960 $ 3,957,477 |
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, the total royalties received by the company in 2022 were $2,658,960. This figure represents the income Card My Yard earned from royalties paid by its franchisees during that year.
For a prospective franchisee, this number provides insight into the revenue streams of Card My Yard and the importance of royalty payments to the franchisor's overall financial health. It also suggests the scale of the Card My Yard franchise system, as the total royalties are aggregated across all franchise locations.
Understanding the franchisor's revenue sources can help a potential franchisee assess the stability and potential for growth of the Card My Yard franchise. Reviewing royalty trends over several years, as presented in the table, offers a more comprehensive view of the franchise's financial performance.